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Forex pairs in this Article » USD/CHF (Barcelona) - One might have thought the USD/CHF cross would have seen some selling on the percolating tensions in the Middle East. But, no serious downside action has commenced yet.

USD/CHF traders will be reacting to US data and Syrian headlines Tuesday

Traders of USD/CHF will be tuned into the S&P Case Schiller Home Price Index, Consumer Confidence numbers and Richmond Fed Manufacturing Index on Tuesday. There will be no Swiss data released until Wednesday’s Consumption Indicator and Thursday’s employment levels.

Technical take on USD/CHF

Technicians are saying there may be one more test of 0.9133 “correction support” before a more serious move higher occurs in the USD/CHF. The next downside target below that level would be Fibonacci projection at 0.9001. First resistance for USD/CHF comes in at the 8/22 peak of 0.9289.
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